I started doing Roth conversions 5 years ago and I wrote about my first one here. I wanted to create a Roth conversion ladder so that I could have the option of withdrawing from my Roth account penalty free if I needed cash in early retirement. Now that I am not generating any W-2 income, I’m looking to see what my tax filing will look like next year since Roth conversions are considered as income. So for now, I am…
Historically I have been focused on pre-tax retirement accounts for the past 20+ years. I’m slowly leaning towards focusing on post-tax retirement accounts because of tax reasons. Most of all my retirement funds are in pre-tax accounts. I’m worried about the tax implications later on so I decided to explore Roth conversions and I just completed my first Roth conversion. When it comes to retirement accounts, there are two major ones: pre-tax and post-tax. Pre-tax accounts are those accounts like…